Why are the firms like UBS that are building internal consulting practices putting them in the back office (and paying accordingly)? If you're replacing external consultants who are being paid $2k/day, you have plenty of cushion to at least pay the salaries we would get externally, if not more.

like
Posting as :
works at
You are currently posting as works at

Because they are back office?

like

I'm always disappointed asking question on here. It's like everyone is looking to pick a fight rather than ever have productive conversation. Let's ignore the technicalities you can pick at. I'm just commenting that I'm surprised these companies would be looking for you to take a pay cut when they'd be saving millions of dollars over your career hiring you as an internal consultant, rather than continue to use external consultants at their steep rates.

like

Consultants are temporary and aren’t paid benefits by their clients

I'm talking about internal consulting practices. Companies are hiring consultants full-time, rather than bring in external consultants. UBS being an example.

Generally speaking, the consultants hired that command those sorts of rates bring unique and more rare skill sets than are found in internal pool.

The companies can also justify the higher pay bc having 1 external consultant can sometimes be as productive as 2-3 internal employees. I say this from having been on both sides. Not always the case but often the talent level for internal does not begin to compare for quality.

FYI I work at a F100 company that has an internal consulting practice for my practice area as an external consultant myself. While in theory you could say they’ll hire ex-consultants for these roles, normally they end up being staffed by long-time (5+ years) internal employees to avoid paying higher salaries and to avoid changing up the culture too much (not great- driven by comfort and complacency). Setting up these internal consulting practices is a cost-cutting measure in itself.

Related Posts

how much salary should Band D1 expect in Analytics, and which location to choose bangalore, pune or gurgaon

like

Currently working on a three person team in a larger GC group. I lateraled from a different group that did not pay attorneys on an attorney scale. I’m stuck in my old pay scale but have gotten promotions and raises quickly with more on the horizon. A recruiter reached out with a new role for 2-2.5x more than I currently make doing something similar. I love my company and the people I work with but the money isn’t there. Is it worth trying to get a counter to stay if I get the bigger offer?

like

Graduating in two weeks and got a job offer from Amazon for tech support specialist role, in job application they asked for expected compensation and i put 55k, and they offering me exactly 55k should I have asked for more instead, I feel like I might have shot myself in the leg there a little bit

like

Hi everyone, I am appearing for data scientist position in Accenture Dublin at level 9. What salary should I quote ?

like

How Much Increment can one expect when getting promoted from ITA to Assistant Consultant in TCS ?
Also how many years do we need to stay in ITA role to be eligible for Assistant Consultant Position ?

like

What is the variable pay does Macquarie give year on year ? And is there a surety that we will surely get a decent variable pay as well over our fixed package since I don't find anything mentioned regarding this variable pay in my offer letter. Yoe- 8 and tech - selenium testing, and position- assistant manager.
If yes, how much one can expect in variable pay for fixed compensation of around 25-30lpa.

Hello
I am a systems administrator located in San Diego.
I am wondering how much people with 5-6 years of experience are making.
I don’t have any associate IT certs but I do have plenty of experience with various systems.

Thank you

like
like

How much is the yearly hike in salary for HSBC ?

Hi All,

YOE : 6
Tech stack : Java,Springboot,microservices

I am holding 3 offers-
Accenture - 13 Fixed + 3.5 var(3.9 joining bonus)
Infy - 15.7 Fixed + 2.8 var(1.25 joining bonus)
CTS - 20 Fixed + 0.7 var(1 joining bonus)

I am happy to join CTS but very much worried about the attrition rate of cognizant recently.

Note - The first offer in the process was from Accenture and they are ready to offer 18 LPA Fixed + 3.5 Var after Revision

Please help me to choose between Accenture and cognizant

like

Hi , I have joined IBM 20 days back, got rejected in two client interviews till now ,the interview was full deeper . From last 1 week there is no update from anyone. Worried about the future. Had another offer from cognizant which I got before Joining IBM but it has 30% less CTC and the joining date is 26 dec

Any idea what is the best decision to take. Can I stay here on bench for long time
Tech stack - spark,Scala,Hadoop,hive

like

Why does Deloitte pays such a low compensation compared to its peers? And also if you compare the salaries to US it’s too low and very less bonuses. Just curious to know

like

What band will Capgemini provide for 9.5 YoE?
Tech stack offered: SQL, SSIS/Pentaho, data migration
Also, how much can I ask for CTC?

Holding an offer of 24L (22 fixed + 2 variable)

like

Hi all I'm interviewing for a role as a BDR in Dublin in cloud computing. I graduated in 2020 (bachelors) and have worked as a sales manager at a store. They offer € 33k/year and € 22k in commission with relocation fees etc.
It seems like a great company and I'm really interested. Is the salary good for Dublin? And for someone starting their career?

like

Need some advice: I currently do corp dev and FP&A for a smaller company and just got an offer for about double my salary at a F200 company. The catch is I would no longer be doing corp dev, just FP&A. My goal is eventually to crack into ib, do you think I should take the job and the pay bump or stay at my current role and try to lateral in to ib.

like

Does anyone work at at Merrill Lynch as a Life services relationship consultant? Any info on the pay?

like

As an O365 Technical Administrator how much salary anyone can expect

Qualification B.A

Certification in IT technical support

YOE 1 year 10 months

last company A start up

How much Anyone expect an IT admin in DXC

How much is the variable/ bonus % that people generally get? And also what is the average hike without promotion?

like

What is the expected salary increase percentage for this year for a software engineer? There was no promotion and there wont be in the near future since the company is a small one

I work as an AGM in a busy restaurant. Been working there for just over a year, and haven't had a single raise. I now only make 0.50 cents more than even the lowest paid shift lead but I am doing a lot more work. I'm no longer satisfied with these conditions. Should I try to negotiate a raise or look for other opportunities?

If I should negotiate, any tips?

like

More Posts

How is Blackstone account in Wipro? How much CTC can I expect from Wipro during HR round discussion?

CCTC : 14 LPA
EOE : 7.2 years
Skills : IAM and Cyber Security

like

What is the online assessment test about in HSBC?

like

Hi Fishes,

Wanted to understand what is the equivalent designation of a Consultant in other companies: is it equivalent to a Manager or Assistant Vice President or Team Leader?

I am currently working in a MNC Company handling global actions, in other words, functioning offshore from India for US.

Thanks in advance.

Any SM or M here looking for a business analyst / product owner resource? Please DM me..looking for a job change.

like

Hello Everyone, i am in a dilemma, please help me guys, i got an offer from KPMG as an Analyst in KYC, and another offer from MUFG with more package compared to KPMG , Both companies are from the same location( Bengaluru)and for the same role, please assist me guys.

like

Hi Fishes,

What is the difference between Siemens and STSPL? Are they same and has same work culture , salary slabs, benifits and WBL?

like

Anyone else still pulling all nighters while WFH? I feel like mine haven’t been as occasional as they should be lately...

like

Which ERP solution will be the most competitive and relevant in the long-term?

Currently in Workday Financials consulting and curious as to what SAP S/4 and Oracle Fusion consultants think. Do each of these products address different markets? Any perspectives from consultants who have implemented multiple systems?

like

Three job interviews with a company, last one creating a marketing plan and presenting to marketing VP. I received good feedback from him. Three days later recruiter wants to give me a call and “give an update”. Schedules it after 2 days. This morning cancels last minute as they are having “internal discussions”. I’m really annoyed and tired. Thoughts?

like

Is Deloitte allowed to use Robinhood? It's not a robo adviser and obviously you wouldn't invest in your clients. Or wealthfront?

like
likehelpful

Those who did MBA / can relate: I made friends but I’m almost never in the loop about pre-games/house parties, though I see these happening through insta stories. It’s bothering me a lot.

like

Anyone file for divorce without a lawyer if both parties are consenting? How does it work when you don’t have any joint assets (separate bank accounts, no house) and no kids? Married <5 years

like

My mom says to marry a man who loves me, not a man who I love. Happily married wives: thoughts?

likesmart

Best Christmas things to do with a two-year-old?

like

Is there anyone who became an architect without experience as software engineer? I currently work as solutions analyst and my goal is to be a solutions architect. Is it possible without having software engineering experience?

like

I have 5 years in insurance sales experience, how can I break into tech industry through customer Success?

like

Can someone please advice me how to get into Managerial positions or similar positions with little to no coding… as coding takes most of my time and i start to hate it recently. I wish to manage people and move forward into higher position’s holding accountable and receiving recognition which can solve business issue than breaking my head why my code breaks. I am right now in SE II

like

Curious to know what would be the base salary range for Project Managers in IT implementations in the Houston, TX area. 14 yrs total IT experience and 5 yrs as a PM.

like

How much is D&P/Kroll paying for M&A VPs in the US these days?

like

Additional Posts in Consulting

likefunnysmart

M2 NYC metro area working in healthcare consulting base around $131K low for an M2 in a high COL or market? No MBA, but want to pursue in the next 2 years to pivot to working in health strategy.

like

Looking for some material for a crash course in IT strategy consulting - books article etc. any recommendations would be appreciated

like
likehelpful

Do you ever feel like you’re just not good enough at work.

like

EY fish - when you are laid off, is it immediate the day you're told or do you get a little warning?

like

Layoffs for Deloitte- who is doing them? How are they being delivered? Who schedules?

like

Any good books or recommendations on sales? Sales tactics trips and tricks?

like

Fish w family- I have three kids, ages 4-12. Family vaca - House on the beach (Destin) or Bahamas? Same price sans transportation. Will we be overwhelmed w kids at Atlantis if Bahamas?

like

Anyone from SDG group would like to have a quick chat about the company, roles, and interview steps? I have an interview coming up

like

Slalom folks, are you guys mandating vaccines? Been v quiet.

like

When is bonus payout for everyone at MBB, other Big 4 and T2?
S&/PwC is 9/30

like

Poll: What dress code do you follow at your home office?

Any good ideas for corporate gifts for a team of 25? Looking to boost team morale and reward hard work

likefunny

Got hired as a digital strategy consultant. I have over 10 years of industry experience but I’m new to consulting. What courses, workshops or books would you recommend to build a solid toolkit?

like

Is severance taxed higher? I got 1 month of pay but seemed to be taxed much higher

like

What is the tuition reimbursement benefit like at your company? I’m in Accenture Operation and there’s no such benefits. (Only strategy and CDO have it). Is it typical?

like

NYC 🐠! For those waiting to return and sign new leases, do you think there will still be a reasonable amount of deals in august? Or do you think most opportunities will get scooped up before then? Trying to time it right as I don’t want to be in nyc this summer\pay rent this summer but don’t want to miss out and pay more $$$ over a year.

like

Hi Folks! Have an upcoming case interview with PwC DDV team. The agenda is the following: I am going to receive a case, will have 1 hour to prepare and then 5 team members from DDV are going to role-play client side. Has anyone had similar experience?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal